Eurgbplong
EURGBP: Euro strength back?!EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 / 0.8600 / 0.8710
Support: 0.8400 / 0.8295 / 0.8200
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EurGbp- 0.85 is now strong supportAfter finding a strong base under the 0.83 zone and testing this zone multiple times this year, EurGbp has strongly broken above 0.85 zone resistance last week.
Now the pair is looking upwards towards the next resistance at 0.87 and, in my opinion, dips around 0.85 should be bought.
A dive under 0.84 would negate this scenario